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C Spire partnered with bolt Lilypad Insurance partnered with Centauri Insurance Homesteaders Life picks Continental Computers in Claims Venbrook Group partnered with Crum & Forster FTP Inc. partnered with AmTrust Financial Lemonade picks ZestyAI in Underwriting Connor & Gallagher OneSource picks TrustLayer in Admin Five Sigma picks Vitesse PSP Limited in Claims Enstar Group raised $350M Crédit Agricole Assurances raised $818.37M Counter picks Northwestern Mutual in Claims Onward Group partnered with Equinox Nirvana Insurance raised $80M Klaim raised $10M InsureVision raised $2.7M

Liberty Mutual closes year with strongest balance sheet

By Shefi Ben-Hutta

The combined ratio improved to 91.5%, the lowest in 20 years.

Business

Hippo has made a significant decision impacting agent commission

By Shefi Ben-Hutta · Sep 8, 2023

Sharing intel on Hippo's new commission structure.

Business

Sanlam and Allianz to provide insurance and financial services in 27 African markets

By Gabriella Ben-Hutta · Sep 8, 2023

The joint venture is called SanlamAllianz.

Investments

Tradeteq raises $12.5 million

By Avi Ben-Hutta · Sep 8, 2023

MS&AD Ventures led the round.

Business

Cios wants to give renters flexibility

By Avi Ben-Hutta · Sep 8, 2023

The Fargo, ND-based startup is planning to launch next year.

Investments

Jetty raises $2 million

By Coverager · Sep 8, 2023

The details of this investment were not disclosed.

Marketing

CAC Group names Douglas Turk as chief marketing officer

By Coverager · Sep 8, 2023

Turk will be responsible for the development and implementation of CAC Group’s global marketing strategy across all business units and regions.

Financials

Hamilton Insurance Group confidentially files for US IPO

By Coverager · Sep 8, 2023

The number of common shares to be offered and the price range for the proposed offering have not yet been determined.

Business

Matic partners with Dart Bank

By Coverager · Sep 8, 2023

As of 2022, Dart Bank had $928 million in assets.

Business

Prudential and Warburg Pincus announce launch of Prismic Life Re

By Coverager · Sep 8, 2023

Prudential expects Prismic will allow the company to provide more people with access to its life and annuity products.

Innovation

OneAdvent completes Management Buyout

By Coverager · Sep 7, 2023

OneAdvent is a specialist MGA and broker services platform.

Strategy

Zurich expands graduate scheme with ‘green graduate’ placements

By Coverager · Sep 7, 2023

The application period for both graduate and internship programs will be open from September 11 until November 5, offering candidates an extended window to submit their applications.

Business

Hippo will resume writing new business next week

By Avi Ben-Hutta · Sep 7, 2023

Hippo's decision to pause new business was first covered by Coverager in mid-August.

Investments

Coaction Specialty raises $200 million

By Avi Ben-Hutta · Sep 7, 2023

The equity raise was led by existing investors.

Business

Vesttoo identifies fraud participants

By Avi Ben-Hutta · Sep 7, 2023

The investigation has identified that “pervasive and systemic misconduct” was engaged in by a limited set of Vesttoo executives and other third-parties outside of Vesttoo.

Financials

Gallagher buys Lifesure

By Coverager · Sep 7, 2023

Terms of the transaction were not disclosed.

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Vertafore report shows how carrier processes, communication and technology impact the agent experience

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